Economic Development Specialist Salary

Median pay for Economic Development Specialists in the United States is around $49K annually. Men working as Economic Development Specialists who took the survey just slightly outnumber women at 57 percent. Most Economic Development Specialists like their work and job satisfaction is high. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. This report is based on responses to the PayScale salary survey.

$34,546 - $80,738
(Median)
$35K
$49K
$81K
MEDIAN: $48,905
10%
50%
90%

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$14.44 - $42.45
(Median)
$14
$22
$42
MEDIAN: $21.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$28K$56K$84K
Salary
$34,546 - $80,738  
   
Bonus
$0.00 - $6,153  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,593 - $83,709  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 116
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$15$30$45
Hourly Rate
$14.44 - $42.45  
   
Overtime
$16.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$30K$60K$90K
Bonus
$0.00 - $6,153  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$32,593 - $83,709  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 16
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Economic Development Specialist Job Listings

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Survey takers who work as Economic Development Specialists report a focused set of job skills. Most notably, facility with Business Development and Government Grants are correlated to pay that is significantly above average, leading to increases of 34 percent and 9 percent, respectively. Skills that seem to negatively impact pay include Project Management.

Pay by Experience Level for Economic Development Specialist

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $45K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $57K. On average, Economic Development Specialists make $70K following one to two decades on the job. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $61K.

Economic Development Specialist Advice

What do you wish you knew about your job when you first started out?

Economic Development Specialist in Rome:
"Think Long Term."
Always surround yourself with good leaders.

Related Job Salaries

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Experience Affects Economic Development Specialist Salaries

Experienced
up arrow 45%

Late-Career
up arrow 26%

Mid-Career
up arrow 17%

National Average
$49,000

Entry-Level
up arrow 7%

Skills That Affect Economic Development Specialist Salaries

Business Development
up arrow 34%

Government Grants
up arrow 9%

National Average
$49,000

Project Management
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
5%
1-4 years
53%
5-9 years
20%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 79%
medical benefits
Vision: 59%
dental benefits
None: 6%
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